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Loans from director

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2013 Whether is it allowed to private limited company to take loan from director having no shares ?
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Rupesh Jain

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Rupesh Jain (Expert)
11 June 2013 yes, you director can give loan to co.
make loan agreement
and clear term & condition
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Rupesh Jain

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Rupesh Jain (Expert)
11 June 2013 also check co airtel of association
of co. that share should be compulsory for
a director or not
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2013 Thank You Sir For Your Valuable Reply.
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